02 A TRIBECA AREA FACT FILE SOUTH EAST FOCUS AREA: - GOLD COAST CORRIDOR SOUTH EAST QUEENSLAND FOCUS AREA: BRISBANE - GOLD COAST CORRIDOR

DISCLAIMER

This Report has been created by The Capital Group (Aust) Pty Transport and Main Roads, QLD Government – QLD Treasury, Ltd, ABN 58137410845, and commissioned by Tribeca Capital QLD Government - South East Queensland Regional Plan, QLD Pty Limited. Government – Department of Infrastructure, Local Government and Planning. The Parties* making this report available to you give no warranty nor accept any liability for any decision based wholly or in part The information in this publication does not represent financial on this report, such as any decision to invest in, to buy or not buy advise and should not be regarded as such. This study has property described herein. been prepared for the sole use of Tribeca and is not to be relied upon by any third party without specific arrival from Tribeca. The Parties believe the statements, information, calculations, No part of this document may in any form or by any means data and graphs contained herein to be correct and not (electronic, mechanical, photocopying, recording or otherwise) misleading but give no warranty in relation thereto and expressly be reproduced, stored or transmitted without prior permission. disclaim any liability for any loss or damage which may arise from *Parties means Tribeca Capital Pty Ltd, Tribeca Homes Pty Ltd, any person acting or deciding not to act partly or wholly on the Tribeca Homes (Vic) Pty Ltd, Tribeca Residential Communities basis of any such statements, information, recommendations, Pty Ltd, Elliots Pun Pty Ltd, Tribeca Residential Communities No. calculations, data or graphs as at November 2018. The facts 1-14 Pty Ltd and The Capital Group Pty Ltd, their customers and in this report are obtained from various sources, government clients, and the customers and clients representatives. organisations and private organisations: Australian Bureau of Statistics, SQM Research, Residex, RP Data, Council, Tribeca Capital Pty Ltd and Homes Pty Ltd. , G;link, QLD Government – Department of Building Licence Number: 1137696 ABN: 21151370160

ENQUIRIES SHOULD BE ADDRESSED TO THE PUBLISHERS. © COPYRIGHT 2016. PUBLISHED NOVEMBER 2018. GROWTH CENTRE PLANNING SOUTH EAST QUEENSLAND GROWTH CENTRE Precinct Planning - August 2014: FACT COOMERA STATION TO BRISBANE CBD IN UNDER ONE HOUR.

Sunshine TRAIN LINE Coast

Brisbane CBD Stn Somerset Moreton Bay

Springwood Stn

Brisbane Ormeau Stn Lockyer Valley Redland Ipswich Ormeau Pimpama Stn Pimpama Logan Coomera

Coomera Stn

N Gold Scenic Coast Rim Stn

STATUS

Coolangatta Stn Suburb of Interest

Gold Coast/Logan Growth Centre

South East Queensland

City Train line

This is a Tribeca Capital Pty Ltd publication. AREA PROFILE

This report encompasses the South East Queensland AREA growth precinct of the northern Gold Coast and Logan region. Specifically, the demographic and property data concerns only that of Coomera. Surrounding suburbs PROFILE: include Pimpama, Ormeau, Chambers Flat, Logan Village, Springfield and Redbank Plains.

AREA: SOUTH EAST QUEENSLAND

BRISBANE

Ipswich

Springeld Chambers Flat Logan Village Redbank Plains Ormeau LOGAN CITY Pimpama Coomera GOLD COAST

Surfers Paradise

SUBURBS: • COOMERA • PIMPAMA • ORMEAU • CHAMBERS FLAT • LOGAN VILLAGE • SPRINGFIELD • REDBANK PLAINS

This is a Tribeca Capital Pty Ltd publication. INTRODUCTION SOUTH EAST QUEENSLAND Coomera and the surrounding area.

The growth region surrounding Coomera is located in the northern part of Queensland’s Gold Coast and the broader Logan City local government area, approximately 30-40 minutes’ drive from the Brisbane CBD and only 15 minutes’ drive to Southport, the major commercial hub of the Gold Coast.

Currently home to approximately 912,000 people, Some areas within the region are experiencing the region (Logan LGA & Gold Coast LGA) covers an double-digit growth. Pimpama grew by a rate area of approximately 2,292 square kilometres. of 31% in 2016/2017 and Coomera by 10% in 2016/2017, compared with Brisbane’s growth In recent years the region has transitioned from an rate of only 1.7%. economic base of tourism and construction to a more diverse, knowledge-based economy valued A number of significant civil projects and at $25.2 billion. The region still welcomes close to infrastructure projects are currently being 12 million visitors each year who spend close to planned to manage the forecast increase in $1.2 billion per annum. population.

The region is one of the fastest growing regions in Queensland. Both the municipality of Logan and FACT the municipality of the Gold Coast are expected to grow by 200,000 and 300,000 people respectively. THE REGION IS BECOMING AN INCREASINGLY POPULAR Over 130,000 new homes will be required to DESTINATION FOR RESIDENTIAL PROPERTY INVESTMENT accommodate this growth in the Gold Coast AND OVER 130,000 NEW HOMES WILL BE REQUIRED municipality alone. TO ACCOMMODATE THIS GROWTH IN THE GOLD COAST MUNICIPALITY ALONE.

This is a Tribeca Capital Pty Ltd publication. DEMOGRAPHIC OVERVIEW OF COOMERA

Age Breakdown Household Structure

COUPLE WITH CHILDREN 26.5% CHILDLESS COUPLE 28.9% SINGLE PARENTS 52.5% OTHER

17.7% 20% 15.5% 14.6% 12.2% 1% FACT 6.3% Of the suburb consists of families with children and childless couples 3.6% % meaning the overwhelming majority 1.1% of dwellings are detached housing – 79 refer dwelling breakdown. 0-14 15-24 25-34 35-44 45-54 55-64 65-74 75+ YRS YRS YRS YRS YRS YRS YRS YRS

DWELLING & INCOME FACTS

Dwelling Breakdown Income

$1,756 BY TENURE / LANDLORD BY TYPE (AUD$/WEEK) $1,711 (AUD$/WEEK) 2% 8% 3% $746 (AUD$/WEEK)

26% MEDIAN PERSONAL MEDIAN FAMILY MEDIAN HOUSEHOLD

29% 61% (Family income = income of families in family household. 71% Household income = income of occupied private dwellings)

FACT

Median weekly incomes are slightly higher RENTED SEPARATE HOUSE than greater Brisbane, reflecting the WITH MORTGAGE SEMI - DETACHED relatively high level (43%) of employment in OWN FLAT, UNIT traditionally white-collar industries. OTHER OR APARTMENT

FACT Employment Type

By tenure/landlord and type – the suburb is dominated by low density detached housing MANAGERS (71% of stock). A large majority (61%) of the 13% 10% PROFESSIONALS housing stock is rented, reflecting a very strong 6% 13% TECHNICIANS / leasing market for investment property. TRADE WORKERS 14% COMMUNITY / 16% PERSONAL SERVICE 12% 16% CLERICAL / ADMINISTRATIVE MACHINERY OPERATORS SALES WORKERS LABOURERS

This is a Tribeca Capital Pty Ltd publication. SOURCE: ABS - 2016 CENSUS DATA. LOCAL AMENITIES

The South East Queensland growth corridor SURROUNDING already enjoys excellent access to public transport, major arterial roads and freeways as INFRASTRUCTURE well as a wealth of local education, healthcare Excellent Local Amenities and retail amenity.

RETAIL AMENITY EDUCATIONAL The area is serviced by AND HEALTHCARE AMENITY major regional shopping The area is served by over precincts such as Australia 50 primary schools, over 20 Fair, Pacific Fair, Harbour secondary schools and over 20 Town, combined primary/secondary and the brand new Westfield schools as well as three - 50 PRIMARY SCHOOLS Coomera. A number of University campuses and a A BRAND NEW $470 MILLION smaller satellite precincts - 20 SECONDARY SCHOOLS number of local TAFE campuses. WESTFIELD HAS RECENTLY including Pimpama Major hospitals include the Gold OPENED IN 2018 - 20+ COMBINED SCHOOLS City, Pimpama Junction - 3 UNIVERSITY CAMPUSES Coast University Hospital and and Coomera Square also Logan Hospital. service the area. - NUMEROUS TAFE CAMPUSES

SEQ RAIL LINE PARKLANDS AND The South East Queensland RECREATIONAL FACILITIES rail line connects the precinct Residents not only enjoy access to employment opportunities to 57 kilometres of pristine in the Brisbane CBD and coastline, a large number of Southern Brisbane fringe parklands and sporting facilities suburbs. Commuters can but also a number of major transit from Coomera Station national recreational attractions, COMMUTE FROM COOMERA - 57KM OF PRISTINE COASTLINE STATION TO ROMA STREET to Roma Street Station, including and STATION WITHIN AN HOUR in the Brisbane CBD in - 2 WORLD CLASS GOLF COURSES Movieworld and the world class approximately one hour. - DREAMWORLD & MOVIEWORLD golf courses of Sanctuary Cove and Hope Island. - LIVE ENTERTAINMENT

- PERFORMING ARTS Home of the Arts (HOTA) on GOLD COAST LIGHT RAIL - 6 LEVEL EXHIBITION GALLERY the Gold Coast hosts musical The Gold Coast light rail (G:link) events, theatre, dance, comedy, opened in 2014 and the initial opera, cabaret and kids shows. stage connected 16 light rail In addition to the arts centre, a stations along a 13 kilometre Gallery positioned to become a route from Broadbeach to Gold cultural attraction in the region Coast University Hospital. is currently under construction. The recently completed stage This international-standard art 19 LIGHT RAIL STATIONS 2, extends another 7.3km to gallery will comprise of 3000m2 Helensvale with 3 new stations of exhibition space over six levels, constructed. retail space and a dining area, due to open in 2021.

This is a Tribeca Capital Pty Ltd publication. LOCAL AREA MAP

Sunshine Coast

Somerset Moreton Bay

M1

Brisbane Airport

BRISBANE M2 Lockyer Valley 4 Redland Ipswich B 3 Pimpama Park C Ridge Coomera G Logan Village 4 H D 6 2 A 5 Helensvale 3 1 F Southport 2 E Surfers Paradise R13 GOLD COAST 1 R13 KEY N

M1 Universities Retail Infrastructure KEY Universities Retail Infrastructure

i Griffith University, Gold Coast 1 Robina Town Centre A Gold Coast Light Rail expansion*

ii University of Queensland 2 Westfield, Helensvale B Major road upgrades* C Logan Hospital Expansion* iii Southern Cross University 3 Australia Fair D Coomera Town Centre* 4 Pimpama Junction Hospitals E The Star Casino Upgrade* 5 F Gold Coast Health and 1 Gold Coast University Hospital 6 Knowledge Precinct* 2 Gold Coast Private Hospital G Major activity centres*

3 Logan Hospital H Sport and recreational facilities*

4 Ipswich Hospital

This is a Tribeca Capital Pty Ltd publication. *Indicates future infrastructure. EMPLOYMENT OPPORTUNITIES

The South East Queensland growth corridor EMPLOYMENT benefits from its immediate proximity to both the employment nodes of Brisbane to the North OPPORTUNITIES and the Gold Coast to the South. Specifically, a South East Queensland number of major infrastructure projects as well as the Gold Coast Rail Link will provide large employment opportunities for the area.

LOGAN CITY GOLD COAST LIGHT RAIL EXPANSION

Logan City currently has 21,000 businesses Stage 2 included a $420 million, 7.3 kilometre providing approximately 89,000 jobs. extension to the Gold Coast Light Rail line Its population is tipped to grow from 300,000 and generated 1,000 direct and indirect jobs. to 500,000 over the next 20 years. Stage 3 will take 3 years to construct and will begin in June 2020. The new expansion • 21,000 BUSINESSES will increase employment opportunities • 89,000 JOBS throughout the region due to increased accesibility and transportation.

• 1,000 JOBS CREATED DURING CONSTRUCTION GOLD COAST CITY • LIMITLESS EMPLOYMENT OPPORTUNITIES AND ECONOMIC GROWTH • STAGE ONE IS COMPLETED • STAGE TWO IS COMPLETED Over the next 10 years it is expected that • STAGE THREE IS UNDER PLANNING that an additional 56,000 people will find employment within the Gold Coast City. NEW GENERATION ROLLINGSTOCK • 56,000+ JOBS FORECAST BY 2036 The ’s New Generation Rollingstock (NGR) project will see a significant increase to the South East Queensland train GOLD COAST fleet to meet the growing demand for rail services. In South East Queensland, the NGR project will support: The 2018 Commonwealth Games created Approximatel 500 full-time jobs including: 30,000 full-time equivalent jobs. The Gold • 131 positions for the management, design Coast Health and Knowledge Precinct has and commissioning of the NGR trains continued in legacy, converting the former • 215 positions for construction of the Athletics Village into mixed use residential, Wulkuraka Maintenance Centre retail and commercial areas. Supporting • 150 ongoing full-time jobs at Wulkuraka 26,000 jobs once complete and $2.9 billion for Maintenance Centre the economy over the next decade. • Up to 1,500 indirect jobs.

• 30,000 JOBS CREATED FROM COMMONWEATH GAMES • 2,000 JOBS CREATED • A FURTHER 26,000 JOBS CREATED FROM LEGACY PROJECT

*Indicates future infrastructure. This is a Tribeca Capital Pty Ltd publication. PROPERTY STATISTICS FOR COOMERA

Median House Prices Capital Growth – Median Land Prices (%)

COOMERA $600,000 $557K GOLD COAST LGA $ 10 9.56% $550,000 530K $510K $ $500,000 480K 6.22% 5.93% $450,000 5

$400,000

$400,000

-0.86% $350,000 0

2015 2016 2017 2018 2015 2016 2017 2018 i. Median House Prices ii. Capital Growth Median House Prices – over the past four years Over the past 4 years the median land price had have seen strong levels of growth, averaging averaged 5.2% per annum compared with 5.7% a 5.8% increase per annum since 2013. within the broader Gold Coast LGA. However, Coomera has recently experienced significant level of growth with 9.56% growth experienced in 2018.

RENTAL MARKET

Median Rental Rates Rental Market

$560 i. Vacancy $540 The suburb currently has a very low vacancy rate $520 $500 $500 $500 $500 (decreased since the last 2 years) of 1.9% reflecting a $ $ high demand for housing in the area. $500 490 490

$480 ii. Rental Yields $460 Currently stand at 4.6% and have averaged at the

$440 same rate for the past 10 years, reflecting a return higher than the cash rate and a strong level of $420 historical rental returns for investors. 2013 2014 2015 2016 2017 2018

SOURCE: RESIDEX & SQM RESEARCH UPCOMING INFRASTRUCTURE

South East Queensland is set to benefit immensely from UPCOMING the extension of the Gold Coast Light Rail set to increase connectivity and tourism projects creating employment INFRASTRUCTURE opportunities and economic growth. Future Projects

A B

GOLD COAST LIGHT RAIL EXPANSION MAJOR ROAD UPGRADES

The extension of the Gold Coast Light Rail line was More than $1.5 billion has been allocated by the announced in early 2016 and is one of the largest Australian and Queensland Governments to widen transport infrastructure projects in Australia. Works two sections of the M1 Pacific Motorway. This upgrade commenced in April 2016 and the G:link now connects will reduce travel time and congestion, improve traffic 19 stations along a 20km route, before connecting to flow and access on and off the motorway in the Gold the Heavy Rail Train Station at Helensvale. The most Coast Region. recent stage of construction will connect Broadbeach to (via Gold Coast International Airport).

C D

HOSPITAL EXPANSION COOMERA TOWN CENTRE

There will be a $112.2 million commitment over The new $470 million Westfield Coomera is four years to redevelop Logan, Caboolture and perfectly position to become the heart of Coomera Ipswich Public Hospitals in SEQ. The Logan Hospital Town Centre. Recently opened in October 2018, Infrastructure Program is set to support new Westfield includes two supermarkets, several major residents moving into the region with 4 new levels, retailers, 120 specialty stores, casual dining and 105 new beds and 48 new treatment spaces. Young entertainment, a cinema and market-style fresh food families will also benefit with a 1,803m2 expansion precinct. Upon project completion the Coomera Town to the maternity ward offering new beds and Centre will include health and lifestyle amenity and birthing suits. A brand new multi-storey car park is 25,000 dwellings. also planned to provide ample parking options.

Image credits (from top left) Gold Coast light Rail - Goldlinq, GC Highway, Logan Hospital Redevelopment - Metro South Health CGI, Coomera Westfield CGI, (facing page) The Star Casino Upgrade CGI, GC Health & Knowledge Precinct CGI, Yarrabilba, , Commowealth Games. UPCOMING INFRASTRUCTURE

E F

THE STAR GOLD COAST CASINO UPGRADE GOLD COAST HEALTH AND KNOWLEDGE PRECINCT

Formerly known as Jupiter’s Casino and making A $550 million legacy project has begun to convert great headway on the transformation, the original the former Gold Coast 2018 Commonwealth Games $850 million masterplan to expand the Broadbeach Athletics Village, to mixed use residential, retail property has expanded into a mega investment of and commercial development. Encompassing $2 billion set to boost tourism and jobs in SEQ. A over $5 billion in world class infrastructure, the plan to construct 4 additional towers and increase recently completed precinct includes the Gold capacity to 3000 hotel rooms is set to make The Star Coast University Hospital, the new Gold Coast comparable to some of the largest Las Vegas resorts. Private Hospital and Griffith University, forming The project is set for completion in 2022. 200-hectare high-tech hub. Supporting 26,000 jobs once complete and $2.9 billion for the economy over the next decade.

G H

MAJOR ACTIVITY CENTRES SPORT AND RECREATIONAL FACILITIES A number of major expansion areas have been As part of the Commonwealth Games, over identified for development in the SEQ Regional Plan $320 million in new sporting infrastructure was including Coomera, Park Ridge, Yarrabilba, Flagstone/ developed in the region. Adding 3 new sporting Flinders, Springfield and Ripley, which will see the venues to the Gold Coast, 7 upgraded facilities and development of a number of new town centres and the new $40 million Coomera Indoor Sports Centre. commercial/industry nodes.